Ukraine Vehicles Market in the 2017 consolidated the recovery with an impressive growth performance albeit economic recovery has gradually lost steam. Renault improved 59% consolidating the leadership ahead of Toyota and Volkswagen.
Ukrainian economic recovery gradually lost steam throughout 2017, weighed down by an economic blockade with rebel-held areas, which has dented industrial production and severed linkages within the country. Data for the fourth quarter points to another period of moderate expansion. Industrial output barely grew in November, while retail sales expanded robustly. In the political arena, a lack of progress on structural reforms is delaying the next tranche of aid from the IMF.
Ukrainian vehicles market has been hit both by economic and political crisis falling down at near one tenth of the record level (over 600.000 sales) achieved over a decade ago. The negative peak was hit in the 2015, with only 58.237 units sold. Then, according to data released by the Ukrautoprom, the market started a progressive recovery with 2016 at 68.743 units and 2017 at 91.549, up a robust +32.5%.
Brand-wise, the market leader was Renault with 10.196 sales (+59.6%) and with 11.2% of market share.
In second place Toyota with 9.052 units (+18.0%) followed by Volkswagen with 7.203 (+44.0%), Skoda with 6.102 (+47.2%), Kia with 5.255 units (+32.0%), Ford with 4.630 (+28.2%), Hyundai with 4.337 (+27.7%) and Nissan with 4.162 (+20.8%).
At model wise, the leader is the Kia Sportage with 3.715 sales (+92.5%) followed by the Renault Duster with 2.983 (+141%), the Renault Logan with 2.802 (+38.8%) and the Toyota RAV4 with 2.747 (+85.9%).
